Ireland sees gas prices rise and warns of higher electricity prices

Beat the price hikes! Switch for the chance to WIN a TV!

Switch for the chance to win a TV (T&Cs apply)

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

Energy prices are expected to rise later this year in Ireland according to Ireland's energy provider Bord Gáis Energy, who  warned of higher costs.  The anticipated rise in gas prices will also push up electricity prices.

While the wholesale price of gas increased in May, wholesale oil, coal and electricity prices all fell. Overall wholesale energy prices fell 5%, according to the Bord Gáis Energy Index, but remained 27% higher than a year ago.

Bord Gáis Energy trading analyst Michael Kelleher said;

“Futures markets are predicting relatively stable prices for the remainder of the summer, but a return to higher prices in the fourth quarter of this year. This is primarily due to expected higher natural gas prices."

Latest gas and electricity news brought to you by UK Power - the energy price comparison site.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more